Global Pergolas Market Anticipated to Reach US$ ~4,559.6 Million by 2031

According to a recent market study published by Growth Market Reports, titled, “Global Pergolas Market by Type, By Application, and By Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 1,817.0 Million in 2022 and is anticipated to expand at a growth rate of ~10.8% by 2031.

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Pergolas are used to provide shade and cover to a patio or terrace. These are usually built attached to the house, which helps individuals extend their living area outdoors. Their design is uniquely suited for growing vines and displaying hanging plants. Pergolas can help significantly increase a home’s resale value as well. Aluminum, wood, and vinyl are among the common options for building pergolas. Pressure-treated wood is a classic and budget-friendly choice for building a pergola. People seeking a natural look usually opt for hardwoods such as redwood and cedar. These naturally resist insects and rot. Moreover, these woods have colors and textures of their own.

The global Pergolas market has been segmented in terms of type, application, and region. In terms of type, the global Pergolas market is split into wooden, fiberglass, metal, and others. Based on application, the market is divided into residential and commercial. Considering regions, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The unexpected advent of the coronavirus pandemic boosted the market. The long-term consequences of the pandemic are difficult to predict, as the world economy is grappling with this crisis, which is expected to have an influence on global trade and the supply chain of products. High demand for the improvement of residential and work spaces such as Pergolas in both developed and emerging areas is projected to favorably push product growth during the projection period. The heightened possibility of COVID-19 infection has pushed people to restrict their outings.

Key Takeaways from the Study:

• Players in the global Pergolas market include Americana Outdoors Inc., Backyard Discovery, Baldwin Pergola, Coolaroo, Gibus SpA, KE USA Inc., Patio King, Inc., Solisysteme, Vita, VOGUE PERGOLAS, and Yardistry. These players held a major share of the global Pergolas market in 2021.

• Increase in home improvement projects, and rise in preference for outdoor living spaces across the globe are key factors that drive the Pergolas market.

• Expansion of urban outdoor living by key players is expected to create opportunities in the coming years.

• Based on type, the market is segmented into wooden, fiberglass, metal, and others. The metal segment is expected to hold a considerable share of the market during the forecast period. Metal Pergolas are very durable and resistant to the outdoor environment.

• Based on application, the market is fragmented into residential and commercial. The commercial segment holds a key share of the market. Pergolas are majorly used in commercial spaces such as restaurants, cafes, hotels, resorts, event venues, and office complexes. Commercial pergolas are often designed to create attractive outdoor dining areas, lounge spaces, or gathering areas. They provide a unique ambiance and can extend the usable space of commercial properties.

• Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a significant share of the market in 2022, and the market in the region is expected to expand in the coming years. In terms of revenue, the US is expected to hold a considerable share of the market in the region, as pergolas are commonly used in residential settings across the country and are often installed in backyard patios, decks, gardens, or pool areas. Europe holds a significant share of the market, as pergolas are increasingly being used in countries such as Italy, Spain, and Greece. These countries have a long tradition of outdoor living and al fresco dining. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period, as pergolas are gaining popularity, especially in the countries such as Australia.

Report Scope:

Target Audience:

• Supply-side: Vendor, Manufacturer, Distributors, Supplier, Retailer.

• Regulatory Side: Concerned government authorities, and other approved regulatory bodies.